MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 1 Consumer Price Index report J u l y 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 3.3% on a year-overyear basis in July, a surge from the June annual rate of 2.7%. Canada's CPI grew 3.0% on a year-over-year basis in July, up from its June rate of 2.5%. Consumer Price Index (CPI), Manitoba and Canada 12-month change (%) 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Jul.16 Jan.16 Jul.17 Jan.17 Jul.18 Manitoba Canada Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Manitoba third highest among provinces Manitoba's annual inflation rate of 3.3% in July was the third highest among the provinces, tied with British Columbia (3.3%). Alberta recorded the highest increase at 3.5%, while Quebec recorded the lowest rate at 2.4%. The Winnipeg all-items increase was 3.2% in July, an increase from the annual rate of 2.5% recorded in June (table 4). CPI, Canada and provinces, July 2018 12-month change (%) 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 3.0 3.3 QC NL NS NB CA ON SK BC MB PE AB Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) What is the Consumer Price Index? The Consumer Price Index (CPI) is an indicator of changes in consumer prices experienced by Canadians. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers. Since the basket contains goods and services of unchanging or equivalent quantity and quality, the index reflects only pure price change. The CPI is widely used as an indicator of the change in the general level of consumer prices or the rate of inflation. Since the purchasing power of money is affected by changes in prices, the CPI is useful to virtually all Canadians. Consumers can compare movements in the CPI to changes in their personal income to monitor and evaluate changes in their financial situation. http://www23.statcan.gc.ca/imdb/p2sv.pl? Function=getSurvey&SDDS=2301
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 2 Manitoba consumer prices above average in three of the eight major components Manitoba prices were positive in seven of the eight major components in the 12 months ending in July 2018. As well, three of the major components were above the all-items increase of 3.3%. Consumer prices for Transportation continued to lead all major component growth, up 9.2% over the previous year after increasing 7.8% in June. Prices for Alcoholic beverages and tobacco products saw the second largest increase at 3.6% in July after increasing from 4.9% in June. Manitoba s largest weighted price component, Shelter, continues to outpace the Manitoba all-items increase, up 3.4% in July, unchanged from the increase in June. Health and personal care prices grew 1.2% in July after increasing 1.7% in June. Recreation, education and reading prices Manitoba CPI, by major components, July 2018 increased 2.2% in July after a marginal rise of 0.4% rise in June. Food prices increased 12-month change (%) 0.4% in the 12 months ending in July after a Transportation marginal decrease of 0.1% in June. Household operations, furnishings and equipment Alcoholic bev. and tobacco prod. Shelter prices edged up slightly to 0.7% in July after All-Items Recreation, education and reading a decline of 1.4% in June. Only one of Manitoba s eight major components saw a con- Health and personal care Household ops., furnishings and traction in prices this month: Clothing and Food footwear declined 0.4% in July after jumping to 3.1% in Clothing and footwear June. -2.0 0.0 2.0 4.0 6.0 8.0 10.0 Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Top contributors, 12-month change Between July 2017 and July 2018, Manitoba saw lower prices for telephone services (-6.3%), fresh vegetables (-5.8%), traveller accommodation (-5.5%), natural gas (-5.2%), as well as prescribed medicines (-3.3%). The declines were offset by higher prices for gasoline (+40.7%), inter-city transportation (+26.7%), electricity (+7.6%), and video and audio subscription services (+11.8%). Top contributors, 1-month change On a monthly basis (table 1), the Manitoba all-items index was up 0.5% in July following a 0.0% decrease in June. Items recording lower prices over the one-month period include the purchase and leasing of passenger vehicles (-1.7%), women s clothing (-3.8%), gasoline (-1.4%), men s clothing (-2.8%), as well as personal care supplies and equipment (-1.1%). These declines were offset by higher prices in inter-city transportation (+15.9%), telephone services (+9.4%), fresh or frozen chicken (+9.2%), and passenger vehicle parts, maintenance and repairs (+1.4%). The Canada all-items index rose 0.5% following a 0.1% increase in June (table 1). Contact: David Desrochers david.desrochers@gov.mb.ca Stay tuned for highlighted information on our public website at http://www.gov.mb.ca/mbs
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 3 Table 1: Consumer Price Indices for July 2018 By Component: Manitoba And Canada Manitoba Canada Jul. Jun. Jul. Jun. 18 Jul. 17 Jul. Jun. Jul. Jun. 18 Jul. 17 2017 2018 2018 to to 2017 2018 2018 to to Jul. 18 Jul. 18 Jul. 18 Jul. 18 (2002 = 100) % change (2002 = 100) % change Main components All-items 130.1 133.7 134.4 0.5 3.3 130.4 133.6 134.3 0.5 3.0 Food 143.2 142.2 143.8 1.1 0.4 144.1 145.6 146.1 0.3 1.4 Shelter 144.1 148.8 149.0 0.1 3.4 137.7 140.5 141.0 0.4 2.4 Household operations, furnishings 121.4 120.1 122.3 1.8 0.7 122.2 122.6 123.1 0.4 0.7 and equipment Clothing and footwear 91.6 92.8 91.2-1.7-0.4 92.5 94.2 93.0-1.3 0.5 Transportation 127.6 139.0 139.3 0.2 9.2 131.3 140.5 142.0 1.1 8.1 Health and personal care 116.9 118.8 118.3-0.4 1.2 124.7 126.3 126.1-0.2 1.1 Recreation, education and reading 111.4 112.4 113.9 1.3 2.2 115.8 115.6 117.9 2.0 1.8 Alcoholic beverages and tobacco 180.4 186.6 186.9 0.2 3.6 161.7 168.9 169.0 0.1 4.5 products Special aggregates All-items excluding food 127.5 131.9 132.5 0.5 3.9 127.8 131.2 132.0 0.6 3.3 All-items excluding food and energy 126.8 129.0 129.7 0.5 2.3 125.6 127.8 128.5 0.5 2.3 Energy 130.3 159.9 158.6-0.8 21.7 147.8 167.2 168.8 1.0 14.2 Goods 116.8 121.3 121.1-0.2 3.7 118.3 121.7 121.6-0.1 2.8 Services 145.0 147.7 149.5 1.2 3.1 142.6 145.5 147.1 1.1 3.2 Source: Prepared by the, adapted from Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Last updated:
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 4 Table 2: Consumer Price Indices for July 2018 By Province: All-Items and Food All-items Food Jul. Jun. Jul. Jun. 18 Jul. 17 Jul. Jun. Jul. Jun. 18 Jul. 17 2017 2018 2018 to to 2017 2018 2018 to to Jul. 18 Jul. 18 Jul. 18 Jul. 18 (2002 = 100) % change (2002 = 100) % change Mantioba 130.1 133.7 134.4 0.5 3.3 143.2 142.2 143.8 1.1 0.4 Western Provinces Saskatchewan 133.9 137.5 138.0 0.4 3.1 148.3 146.6 147.4 0.5-0.6 Alberta 137.0 140.7 141.8 0.8 3.5 142.8 143.2 144.0 0.6 0.8 British Columbia 125.6 128.6 129.7 0.9 3.3 139.0 139.9 140.4 0.4 1.0 Eastern Provinces Ontario 131.9 135.3 136.0 0.5 3.1 145.1 148.3 148.9 0.4 2.6 Quebec 126.7 129.2 129.7 0.4 2.4 145.1 145.7 145.9 0.1 0.6 Maritime Provinces New Brunswick 131.2 134.0 134.8 0.6 2.7 148.6 150.0 151.1 0.7 1.7 Nova Scotia 132.4 135.3 136.0 0.5 2.7 148.6 148.0 148.9 0.6 0.2 Prince Edward Island 133.4 137.3 138.0 0.5 3.4 148.9 147.7 149.9 1.5 0.7 Newfoundland 135.5 138.1 139.1 0.7 2.7 146.0 146.4 146.3-0.1 0.2 * Manitoba Rank 3 t 7 t 9 4 * Ranking is done in ascending order from the lowest to the highest Source: Prepared by the, adapted from Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Last updated:
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 5 Table 3: Percent Change Comparisons of Consumer Price Indices for July 2018 By Component: Manitoba And Canada (1) change from same month last year (2) compounded annual rate of change (3) 12-month annual rate % change Main components Manitoba Canada Manitoba Canada Manitoba Canada All-items 3.3 3.0 1.2 3.0 2.4 2.0 Food 0.4 1.4 1.4 3.6 1.9 1.6 Shelter 3.4 2.4 4.4 2.0 2.8 1.6 Household operations, furnishings 0.7 0.7-0.7-2.6-0.2 0.5 and equipment Clothing and footwear -0.4 0.5-19.6-12.7 0.0 0.2 Transportation 9.2 8.1 4.7 7.4 5.1 4.9 Health and personal care 1.2 1.1-2.0-0.3 1.9 1.6 Recreation, education and reading 2.2 1.8 3.2 15.6 1.2 1.2 Alcoholic beverages and tobacco 3.6 4.5 5.5 2.6 3.3 3.6 products Special aggregates All-items excluding food 3.9 3.3 1.5 3.1 2.5 2.1 All-items excluding food and energy 2.3 2.3 0.3 3.2 1.9 1.7 Energy 21.7 14.2 11.0 4.1 8.6 6.6 Goods 3.7 2.8-1.6-1.3 2.5 1.6 Services 3.1 3.2 4.7 7.1 2.3 2.4 Note: there are several ways to measure the annual percent change of the consumer price index, commonly referred to as the inflation rate. The above table presents three different methods: (1) The most commonly used method of reporting the inflation rate, based on percent change from the same month one year ago. (2) Provides a measure of the current annual rate of inflation. The growth rate over the preceeding three months is calculated and then compounded at an annual rate. it should be noted that these calculations have not been seasonally-adjusted. (3) Compares the average of the 12 months ending this month with the average of the 12 months ending one year earlier. Source: Prepared by the, adapted from Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Last updated:
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 6 Table 4: Consumer Price Indices for July 2018 By City: All-Items All-items All-items: 12-month average (1) (2) Jul. Jun. Jul. Jun. 18 Jul. 17 Aug.16 Aug.17 12-month 2017 2018 2018 to to to to annual Jul. 18 Jul. 18 Jul.17 Jul.18 rate (2002 = 100) % change (2002 = 100) % change Winnipeg 129.8 133.2 133.9 0.5 3.2 129.2 132.1 2.3 Western Cities Regina 134.6 138.4 139.0 0.4 3.3 133.7 137.5 2.8 Saskatoon 134.4 138.0 138.5 0.4 3.1 133.5 137.2 2.8 Calgary 136.8 140.9 142.0 0.8 3.8 136.2 139.2 2.2 Edmonton 137.7 141.1 142.3 0.9 3.3 136.8 139.7 2.1 Vancouver 128.1 131.3 132.3 0.8 3.3 126.0 129.6 2.9 Victoria 123.9 126.1 127.1 0.8 2.6 122.2 124.5 1.9 Eastern Cities Thunder Bay 125.9 128.6 129.1 0.4 2.5 125.2 127.1 1.5 Toronto 134.0 137.5 138.0 0.4 3.0 132.6 135.7 2.3 Ottawa 130.0 133.4 134.2 0.6 3.2 129.2 131.8 2.0 Montréal 127.3 129.5 130.1 0.5 2.2 126.6 128.6 1.6 Québec 126.8 128.7 129.1 0.3 1.8 126.2 127.9 1.4 Maritime Cities Saint John, N.B. 131.1 133.9 134.6 0.5 2.7 129.9 132.8 2.3 Halifax 131.3 133.9 134.6 0.5 2.5 130.5 132.9 1.8 Charlottetown 132.7 136.7 137.5 0.6 3.6 131.5 134.6 2.4 St. John'S, Nfld 135.2 137.5 138.5 0.7 2.4 134.6 136.6 1.5 * Winnipeg Rank 3 t 7 t 10 t * Ranking is done in ascending order from the lowest to the highest Note: there are several ways to measure the annual percent change of the consumer price index, commonly referred to as the inflation rate. The above table presents three different methods: (1) The most commonly used method of reporting the inflation rate, based on percent change from the same month one year ago. (2) Compares the average of the 12 months ending this month with the average of the 12 months ending one year earlier. Source: Prepared by the, adapted from Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Last updated: